Flputnam Investment Management Co. Has $938,000 Position in AeroVironment, Inc. (NASDAQ:AVAV)

Flputnam Investment Management Co. lifted its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 132.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,097 shares of the aerospace company’s stock after acquiring an additional 3,479 shares during the period. Flputnam Investment Management Co.’s holdings in AeroVironment were worth $938,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Modus Advisors LLC acquired a new position in shares of AeroVironment during the 4th quarter valued at $31,000. Golden State Wealth Management LLC acquired a new position in shares of AeroVironment during the 4th quarter valued at $31,000. Wilmington Savings Fund Society FSB lifted its position in shares of AeroVironment by 1,515.4% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 210 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 197 shares during the period. Bogart Wealth LLC acquired a new position in shares of AeroVironment during the 4th quarter valued at $38,000. Finally, Blue Trust Inc. increased its stake in AeroVironment by 2,950.0% during the 4th quarter. Blue Trust Inc. now owns 305 shares of the aerospace company’s stock valued at $47,000 after purchasing an additional 295 shares in the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.

AeroVironment Stock Performance

NASDAQ AVAV opened at $149.62 on Monday. AeroVironment, Inc. has a 1 year low of $129.59 and a 1 year high of $236.60. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.61 and a quick ratio of 3.36. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 85.99 and a beta of 0.52. The company has a fifty day moving average price of $165.63 and a 200-day moving average price of $185.02.

AeroVironment (NASDAQ:AVAV) last posted its earnings results on Wednesday, December 4th. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.29). AeroVironment had a return on equity of 8.12% and a net margin of 6.39%. The firm had revenue of $188.46 million during the quarter, compared to the consensus estimate of $181.80 million. During the same quarter in the previous year, the company earned $0.97 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. As a group, equities research analysts predict that AeroVironment, Inc. will post 3.38 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Jefferies Financial Group upgraded shares of AeroVironment from a “hold” rating to a “buy” rating and decreased their price target for the company from $240.00 to $230.00 in a research note on Wednesday, November 20th. William Blair restated an “outperform” rating on shares of AeroVironment in a research note on Thursday, December 5th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, AeroVironment currently has a consensus rating of “Buy” and a consensus price target of $225.20.

AeroVironment Company Profile

AeroVironment, Inc designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally. It operates through Small Unmanned Aircraft Systems (SUAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS) segments.